The 10-second takeaway
For the quarter ended March 31 (Q1), OraSure Technologies beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP loss per share expanded.
Margins shrank across the board.
OraSure Technologies booked revenue of $21.2 million. The nine analysts polled by S&P Capital IQ expected revenue of $20.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.18. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.18 per share. GAAP EPS were -$0.18 for Q1 compared to -$0.07 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.8%, 880 basis points worse than the prior-year quarter. Operating margin was -50.0%, much worse than the prior-year quarter. Net margin was -48.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $23.3 million. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $95.4 million. The average EPS estimate is -$0.50.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 200 members out of 221 rating the stock outperform, and 21 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give OraSure Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OraSure Technologies is outperform, with an average price target of $10.69.
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